DROPBOX INC-CLASS A (DBX) Stock Fundamental Analysis

NASDAQ:DBX • US26210C1045

25.48 USD
+0.75 (+3.03%)
At close: Feb 20, 2026
25.26 USD
-0.22 (-0.86%)
After Hours: 2/20/2026, 8:27:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to DBX. DBX was compared to 276 industry peers in the Software industry. DBX has an excellent profitability rating, but there are concerns on its financial health. DBX is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year DBX was profitable.
  • DBX had a positive operating cash flow in the past year.
  • DBX had positive earnings in 4 of the past 5 years.
  • DBX had a positive operating cash flow in 4 of the past 5 years.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 17.97%, DBX belongs to the top of the industry, outperforming 94.20% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 59.34%, DBX belongs to the best of the industry, outperforming 99.64% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for DBX is significantly above the industry average of 10.64%.
  • The last Return On Invested Capital (59.34%) for DBX is above the 3 year average (17.97%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 17.97%
ROE N/A
ROIC 59.34%
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150 -200 -250

1.3 Margins

  • DBX has a better Profit Margin (19.87%) than 83.33% of its industry peers.
  • In the last couple of years the Profit Margin of DBX has grown nicely.
  • DBX's Operating Margin of 24.57% is amongst the best of the industry. DBX outperforms 89.13% of its industry peers.
  • DBX's Operating Margin has improved in the last couple of years.
  • DBX has a better Gross Margin (80.66%) than 82.25% of its industry peers.
  • In the last couple of years the Gross Margin of DBX has grown nicely.
Industry RankSector Rank
OM 24.57%
PM (TTM) 19.87%
GM 80.66%
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DBX is creating value.
  • DBX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • DBX has an Altman-Z score of 0.35. This is a bad value and indicates that DBX is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.35, DBX is doing worse than 68.48% of the companies in the same industry.
  • The Debt to FCF ratio of DBX is 3.10, which is a good value as it means it would take DBX, 3.10 years of fcf income to pay off all of its debts.
  • DBX has a better Debt to FCF ratio (3.10) than 62.68% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.1
Altman-Z 0.35
ROIC/WACC6
WACC9.89%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 0.57 indicates that DBX may have some problems paying its short term obligations.
  • The Current ratio of DBX (0.57) is worse than 92.39% of its industry peers.
  • DBX has a Quick Ratio of 0.57. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DBX's Quick ratio of 0.57 is on the low side compared to the rest of the industry. DBX is outperformed by 92.03% of its industry peers.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.57
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • DBX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.75%, which is quite good.
  • Measured over the past years, DBX shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.93% on average per year.
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1.15%

3.2 Future

  • DBX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.90% yearly.
  • DBX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.04% yearly.
EPS Next Y8.42%
EPS Next 2Y7.73%
EPS Next 3Y-0.02%
EPS Next 5Y0.9%
Revenue Next Year-0.63%
Revenue Next 2Y-0.63%
Revenue Next 3Y-1.36%
Revenue Next 5Y-1.04%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • DBX is valuated reasonably with a Price/Earnings ratio of 9.00.
  • Compared to the rest of the industry, the Price/Earnings ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 90.22% of the companies listed in the same industry.
  • DBX is valuated cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 8.30 indicates a reasonable valuation of DBX.
  • DBX's Price/Forward Earnings ratio is rather cheap when compared to the industry. DBX is cheaper than 87.68% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DBX to the average of the S&P500 Index (28.06), we can say DBX is valued rather cheaply.
Industry RankSector Rank
PE 9
Fwd PE 8.3
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • DBX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DBX is cheaper than 86.59% of the companies in the same industry.
  • DBX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DBX is cheaper than 94.93% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.2
EV/EBITDA 10.46
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5

4.3 Compensation for Growth

  • DBX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)1.07
PEG (5Y)0.36
EPS Next 2Y7.73%
EPS Next 3Y-0.02%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • DBX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

DROPBOX INC-CLASS A

NASDAQ:DBX (2/20/2026, 8:27:00 PM)

After market: 25.26 -0.22 (-0.86%)

25.48

+0.75 (+3.03%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-19
Earnings (Next)05-06
Inst Owners111.56%
Inst Owner Change-14.55%
Ins Owners6.13%
Ins Owner Change3.53%
Market Cap6.59B
Revenue(TTM)N/A
Net Income(TTM)502.50M
Analysts50.59
Price Target29.16 (14.44%)
Short Float %17.56%
Short Ratio7.61
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.22%
Min EPS beat(2)11.32%
Max EPS beat(2)13.12%
EPS beat(4)4
Avg EPS beat(4)12.9%
Min EPS beat(4)11.32%
Max EPS beat(4)15.74%
EPS beat(8)8
Avg EPS beat(8)11.94%
EPS beat(12)12
Avg EPS beat(12)11.32%
EPS beat(16)16
Avg EPS beat(16)10.18%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)2
Avg Revenue beat(4)0.1%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)0.74%
Revenue beat(8)2
Avg Revenue beat(8)-0.19%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.11%
PT rev (1m)1.14%
PT rev (3m)2.98%
EPS NQ rev (1m)0.63%
EPS NQ rev (3m)3.82%
EPS NY rev (1m)0.23%
EPS NY rev (3m)4.7%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.67%
Valuation
Industry RankSector Rank
PE 9
Fwd PE 8.3
P/S 2.61
P/FCF 7.2
P/OCF 7.09
P/B N/A
P/tB N/A
EV/EBITDA 10.46
EPS(TTM)2.83
EY11.11%
EPS(NY)3.07
Fwd EY12.04%
FCF(TTM)3.54
FCFY13.89%
OCF(TTM)3.6
OCFY14.11%
SpS9.77
BVpS-5.92
TBVpS-7.83
PEG (NY)1.07
PEG (5Y)0.36
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.97%
ROE N/A
ROCE 69.59%
ROIC 59.34%
ROICexc N/A
ROICexgc N/A
OM 24.57%
PM (TTM) 19.87%
GM 80.66%
FCFM 36.22%
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
ROICexc(3y)69.99%
ROICexc(5y)80.12%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)21.07%
ROCE(5y)17.71%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-15.6%
ROICexc growth 5YN/A
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
F-Score4
Asset Turnover0.9
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.1
Debt/EBITDA 2.57
Cap/Depr 9.3%
Cap/Sales 0.57%
Interest Coverage 250
Cash Conversion 119.86%
Profit Quality 182.25%
Current Ratio 0.57
Quick Ratio 0.57
Altman-Z 0.35
F-Score4
WACC9.89%
ROIC/WACC6
Cap/Depr(3y)17.74%
Cap/Depr(5y)24.54%
Cap/Sales(3y)1.13%
Cap/Sales(5y)1.78%
Profit Quality(3y)165.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
EPS Next Y8.42%
EPS Next 2Y7.73%
EPS Next 3Y-0.02%
EPS Next 5Y0.9%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1.15%
Revenue Next Year-0.63%
Revenue Next 2Y-0.63%
Revenue Next 3Y-1.36%
Revenue Next 5Y-1.04%
EBIT growth 1Y22.21%
EBIT growth 3Y16.58%
EBIT growth 5YN/A
EBIT Next Year27.77%
EBIT Next 3Y7.56%
EBIT Next 5Y8.46%
FCF growth 1Y22.16%
FCF growth 3Y7.53%
FCF growth 5Y17.4%
OCF growth 1Y19.56%
OCF growth 3Y7%
OCF growth 5Y11.09%

DROPBOX INC-CLASS A / DBX FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 8 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


Can you provide the profitability details for DROPBOX INC-CLASS A?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 8 / 10.


What is the expected EPS growth for DROPBOX INC-CLASS A (DBX) stock?

The Earnings per Share (EPS) of DROPBOX INC-CLASS A (DBX) is expected to grow by 8.42% in the next year.